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Showing 1 - 10 of 21 results for "Default MySuper products"

Fight between SMC and FSC on super rages on

RIDDHIMA TALWANI  |  WEDNESDAY, 22 JUL 2026
... savings compared to remaining in a default MySuper product. SMC represents industry funds that provide default MySuper products such as AustralianSuper, Australian Retirement Trust (ART), HESTA and UniSuper. On the other hand, FSC represents the retail ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen between 2018 ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging 1% overall. The average default MySuper product now charges 1.08%, down ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... figures) of the APRA-regulated superannuation sector. They are typically more complex and varied than default MySuper products, making comparisons more challenging, Cole said. "The new Choice Product Heatmap will make clear which trustees have underperforming ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging 1% overall. The average default MySuper product now charges 1.08%, down ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... there's real risk that pressure could grow for the regulator to prohibit them from being offered as default MySuper products."

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... indexes represents almost half of all superannuation assets." The report also revealed that one-third of default MySuper products are tracking below their investment objectives. The report compared super fund asset class sector average returns, across ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... superannuation open to claims it's a product designed only for old people," the report read. "In 2020, default MySuper products charged on average 0.15% p.a. for administration, 0.8% p.a. for investment management and $78 p.a. for member account-keeping." ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... many in the industry. But, Hume insisted reform was necessary - especially to enhance the performance of default MySuper products. "There are over 90 MySuper products, which are supposed to be the most basic that people get defaulted into," Hume said. ...
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